Transcript

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>> World stocks hitting record highs on Friday, already gaining 11% so far this year. Investors optimistically reacting to upbeat data on US manufacturing and employment, and buoyant European factory growth. Reuters columnist Jamie McGeever explains.>> Second quarter growth in the US is chugging along at about 3.5, 4%.

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That's pretty, pretty impressive, and it's enough to give investors confidence to go out and continue buying stocks, even though world markets, S&P 500, the NASDAQ, the FTSE here in the UK, are all at record highs, but they're still buying.>> Wall Street set the tone on Thursday with each of the major US indexes notching major highs.

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And the dollar clawing back some of its losses after its worst fortnight in a year against the Euro, and a basket of currencies measuring its broader strength. Asian markets rose to the challenge, reaching their best levels in more than two years, with stocks in Europe also joining the party.

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Britain's FTSE hitting a new high, those gains lifting the MSCI All Country World Index to its own record. But will the upward trend continue?>> Already you can see that markets are looking pretty toppy, and from that perspective, and some investors might want to just think about maybe dialing down that risk appetite.

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And we might see a slower rise throughout, the summer if not a slight correction.>> Oil prices tumbling further after US President Donald Trump's decision to withdraw from the Paris Climate Accord. With concerns that the move will see more crude drilling in the United States, stoking a persistent glut in global supply.

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Europe's energy stock index, which includes oil and gas as well as renewable companies, the only sector in the red.